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These days, finding an affordable place to live in the Northwood area can be challenging. Home prices in Northwood are now at a median cost of $219,200, lower than the Florida average of $396,783.
The average cost of rent is $1,178/mo in Northwood, primarily driven by the current value of real estate in the Northwood area. In Northwood, 8.23% of households rent, and 24.37% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Northwood is $7,006 per month. Households that rent pay about 16.81% of their income on rent here. Northwood’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Gainesville, FL: higher priced homes
- La Crosse, FL: less expensive homes
- Alachua, FL: higher priced homes
- Brooker, FL: equally priced homes
- Santa Fe, FL: equally priced homes
- Waldo, FL: less expensive homes
- Orange Heights, FL: less expensive homes
- Grove Park, FL: less expensive homes
- Forest Grove, FL: higher priced homes
- Newberry, FL: higher priced homes
Cities with Similar Populations
- Bremer, IA: higher priced homes
- Wise River, MT: higher priced homes
- Wolford, ND: less expensive homes
- Woodbury, KY: less expensive homes
- Woodford, IL: less expensive homes
- Woodlawn, KS: equally priced homes
- Woodrow, PA: higher priced homes
- Woodside, NC: higher priced homes
- Worstville, OH: less expensive homes
- Worth, MO: less expensive homes
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